214 Mashell Avenue S Eatonville, WA $ 1,500,000
214 Mashell Avenue S
$ 1,500,000
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214 Mashell Avenue S

Eatonville, WA, 98328
$ 1,500,000
Baths0.0 Sq 7,978

Monthly Estimate*

$ 9,969

Listed by Windermere Professional Prtnrs
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Studio

Multi-Family Home for sale in Eatonville, WA

for $1,500,000. This 7,978 square foot home was built in 1982 on a lot size of 0.8058.

This 10-Plex in Eatonville is a value-add opportunity comprised of nine (9) 2-Bdrm Units, one (1) 1-Bdrm Unit, & coin-operated laundry. Currently under-performing w/ a 5.87 cap rate, but will produce a 9.64 cap rate once rented at market rates. Complex has undergone some recent updates: all new windows in 2019 + full & partial unit remodels. Upper units each offer balcony overlooking Mt Rainier & can be accessed via living rm & bdrm. Large parking lot & two (2) other parking areas + on-street parking options. The 2-bdrm units are identical in layout: living/dining/kitchen combo w/ full bath between bdrms. Centrally located w/in the downtown corridor of Eatonville offering proximity to grocery, restaurants & parks. Owner financing considered

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Multi-Family Pending

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,304

Style

10+ Units

Lot Size

0.8058

Year Built

1982

Town/City

Eatonville

County/Region

Pierce

MLS | Web ID

2208004

Features
General
Interior Features Ceramic Tile Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1982
View City Mountain(s) Territorial
Property SubType Multi-Family
Tax Year 2023
County Pierce
Net Operating Income 144630
Insurance Expense 9532
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name Eatonville
Possible Use Commercial
Special Listing Conditions None
Status Pending BU Requested
Directions From Center Street: Turn South on Mashell Avenue. Property on left-hand side after Larson Street East & before Oak Street East. Big building; can't miss it.
High School Eatonville High
City Eatonville
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Eatonville
Open Parking Spaces 15
NumberOfUnitsTotal 10
MLS Area 124 - Eatonville
Lot Size Units Square Feet
Lot Size Square Feet 35100
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Mashell
Listing Terms Cash Out Conventional Owner Financing
Elementary School Eatonville Elem
Tax Annual Amount 12304
Electric Expense 653
Fuel Expense 0
Middle/Junior High School Eatonville Mid
Property Condition Good
Public Remarks This 10-Plex in Eatonville is a value-add opportunity comprised of nine (9) 2-Bdrm Units one (1) 1-Bdrm Unit & coin-operated laundry. Currently under-performing w/ a 5.87 cap rate but will produce a
Leasable Area 7978
Virtual Tour https://youtu.be/f9Zvy-klj_s?si=fJKG9HsLA9lQ4ODu
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry Thermal Windows
Water Company Town of Eatonville
Units Below Grade false
Units In Building Total 10
Zoning Class Commercial
Water Sewer Garbage 10348
Property Style 56 - 10+ Units
Cap Rate 9.64
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Interior
Flooring Ceramic Tile Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Paved
Water Source Public
Total Parking 15
Foundation Details Slab
Building Area Total 7978
Lot Size Acres 0.8058
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Deck
Parking Uncovered Spaces 15
Lot Number 7
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Internal Only
OriginalMLSID NWM2208004
Street Number 1 214
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* Excluded Features
List By
Drew Staudt

Listing Agent

Windermere Professional Prtnrs

Broker

Affordability Calculator

$10,995
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,969
Monthly Property Taxes
$1,025
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
258125 Elementary School
258062 Middle School
Eatonville High High School
Pricing History
DatePricePrice ChangeDescription
3/13/2024$1,500,000 Listed Price

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214 Mashell Avenue S, Eatonville, WA, 98328 is a Multi-Family Home for sale at $1,500,000 with 7,978 sqft and a lot size of 0.8058. 214 Mashell Avenue S is a studio with 0.0 baths and was built in 1982. The property's zip code is 98328 which is in Eatonville, WA